iPhone 4S to offer 64GB storage option?

9to5Mac's Mr. X claims that not only has the iPhone 4S begun appearing in Apple's internal inventory system, but that it's appearing in 3 capacities. For the last couple of years, Apple has only offered 16GB and 32GB iPhones, with the previous year's model going the budget 8GB size. Could iPhone 4S once again raise the storage stakes to a full 64GB?

Given that we’ve also heard from manufacturing sources that Apple has at least been prototyping 64GB versions of the new iPhone, we would say it’s fairly likely that Apple’s new iPhone will come in 16GB, 32GB, and 64GB capacities; just like the iPad.

While iCloud theoretically changes the dynamics of local storage, audiophiles, videophiles, and other who still want to carry around a large volume of media and other files would no doubt still want and use 64GB on-device. It would likely require double density NAND Flash chips to achieve, since iPhone has traditionally had half the storage slots as an iPod touch. If Apple does start using those chips, could a 128GB iPod touch be on the horizon as well, allowing Apple to retire their aging iPod classic player?

Why do we keep calling this 4S? That's not the right name. We're talking about the model that remains from the previous year's iPhone. That place in the lineup has never been called anything different than its original name. You can go out and buy an 8Gig 3GS, but it was always called a 3GS.
When 3GS was announced, you could go out and buy the 'new' 3G 8Gig, but it was still called 3G.
And I'm sure, you'll be able to buy one of the flavors of iPhone 4 for the next year, but it will still be called iPhone 4.
Unless you believe there will NOT be an iPhone 5 and this will be the only product, then it is appropriate to call it iPhone 4S.

Seems like everyone loves the idea of storing all their media in the cloud and accessing it all from there anytime anyplace. The only problem with that is the data caps AT&T and Verizon have. Personally, I'd rather have my music on my device at all time and save my data for more important things.

Agreed - but it's already a little tiring that lite apps you try before you buy are also pushed to iTunes and permanently appear on the Purchased tab. We need to be able to control what we want in the cloud...

Doesn't really surprise me that much, the technology is obviously there to put it in so there's no reason they wouldn't that I can think of, they can also probably mark it up a bit more. Also wouldn't be surprised if the next iPod Touch is 128GB.

I personally was wondering how this would happen. With the cloud one might believe that storage is no longer of the essence, but would an iPhone 5 16GB be able to sync an entire iTunes library of over 15,000 songs and videos without lagging? More space, faster speeds? Sorry these may be really dumb questions but I am trying to decide what size iP5 I need to buy to make sure the cloud works well and I still have ample amount of room. Help?!